Nifty Auto drops 1% led by TVS Motors, Eicher Motors, Hero MotoCorp

Shares of TVS Motors, which dropped 3%, led the index’s fall.

Mar 19, 2019 07:03 IST India Infoline News Service

Nifty Auto Index dropped 1% on Tuesday amid heavy selling in TVS Motor, Eicher Motors, Hero MotoCorp, and Ashok Leyland.

Shares of TVS Motors, which dropped 3%, led the index’s fall. Shares of Eicher Motors and Hero MotoCorp also contributed to the fall, declining 2% each. Shares of Ashok Layland, Maruti, Bajaj Auto, and Amara Raja Batteries also fell 1% each.

Further, shares of Tata Motors were trading on a flat note after the company clarified on news report captioned that "JLR recalls 44,000 cars in the UK". In this regard, Jagaur Land Rover Automotive Plc, wholly owned subsidiary (JLR) have addressed the media query.

Meanwhile, equity benchmark indices were trading in the green with the Sensex gaining 59 points at 38,153 levels. The Nifty gained 13 points at 11,475 levels.

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